All News

Approval in Principal for Gazprom LNG Carrier Design

The ships are designed with environmental and cost-effectiveness issues in mind.

4 Feb 2013

U.S. Port Strike: ILA, USMX Reach Tentative Agreement

"Local negotiations are ongoing and will continue without interruption to any port operation."

1 Feb 2013

U.S. Bunker Prices Continue to Make Gains

Prices in the U.S. Gulf and Caribbean as a whole were mixed.

1 Feb 2013

GE Marine to Sell New Heat-to-Power System

The system uses supercritical CO2 rather than steam to generate electricity.

1 Feb 2013

Malaysian State Energy Company Proposes MISC Takeover

State-owned Petronas already owns 73% of the shipping company, and would pay $2.8B for the rest.

1 Feb 2013

Diesel Fuel Smugglers Caught in Indonesia

National energy company denies responsibility for the incident.

1 Feb 2013

Bunker Prices Gains Continue in Europe, Middle East

IFO380 was up $11.00 in Gothenburg today.

1 Feb 2013

Asia-Pacific Bunker Prices End the Week Firm

IFO380 in Singapore, Busan, and Hong Kong moved up for a fourth consecutive day.

1 Feb 2013

Report: Shipping Companies Must Reduce Bunker Costs

Price volatility, environmental rules, and low freight rates make the focus crucial, BCG says.

1 Feb 2013

Three Companies Certified for Energy Management

Classification firm ABS says the certification helps companies distinguish themselves and stay ahead of regulations.

1 Feb 2013

Hanjin Had Record Sales, Continuing Loss in 2012

The shipping company expects a profit in 2013 as shippers continue scrapping and slow steaming to reduce overcapacity.

1 Feb 2013

Americas Bunker Prices End the Month Firm

IFO380 in Los Angeles / Long Beach rose for a ninth consecutive day.

31 Jan 2013

Rotterdam IFO380 Gains $40.50 in January

Most ports in Europe saw bunker prices end the month by making gains.

31 Jan 2013

More Gains for Bunker Prices in Asia

Singapore and Busan saw IFO380 reach its respective highest price in over three months.

31 Jan 2013

Titan Exec Leaves Firm After Insider Trading Charges

Augustine Cheong Kai Tjieh has left the firm following charges that he sold shares before default.

31 Jan 2013

Containership Owners Could be Sued Over Slow Steaming

A UK court decision paves the way for possible legal action by charterers.

31 Jan 2013

ILA, USMX to Start "Round the Clock" Talks

ILA says "our employers cannot continue to cry poverty."

31 Jan 2013

Proposed Sri Lankan Bunker Tax "Unlikely"

A 5% Ports and Airports Development Levy would be counter productive in terms of net revenue generation.

31 Jan 2013

Fresh Concerns Raised Over ECA Impact on Alaska

Holland-America Line VP: "I believe that EPA will be reasonable at the end of the day."

31 Jan 2013

Hyundai Oilbank Starting Low-Sulfur Supply in Korea

The company will be the third selling the fuel, which has been in demand since new sulfur limits began in North America.

31 Jan 2013